Tech

January, 2025

• 13 January

  JPMorgan CEO Jamie Dimon Likens Bitcoin to Smoking: A Stark Warning

  

  Jamie Dimon, the CEO of JPMorgan Chase, has once again voiced his skepticism about Bitcoin, comparing the digital currency to smoking in a recent interview. Dimon’s comments, which draw a parallel between Bitcoin’s potential risks and the well-documented dangers of smoking, have reignited debates about the long-term viability of cryptocurrencies. Dimon’s Cautionary Tale During a financial conference, Dimon was asked …
• 13 January

  Singapore Bans Polymarket: Crypto Prediction Platform Hit for Unlicensed Gambling

  

  In a significant regulatory move, Singapore has banned Polymarket, a popular cryptocurrency-based prediction platform, citing unlicensed gambling activities. The decision highlights the city-state’s strict stance on compliance and consumer protection within its tightly regulated financial environment. The Ban Explained Singapore’s Gambling Regulatory Authority (GRA) announced the ban, stating that Polymarket was operating without the necessary licenses required to provide gambling …
• 13 January

  Crypto Mining Booms in Russia: Hardware Sales Triple Amid Promised ‘Light Touch’ Regulation

  

  Russia is experiencing a surge in cryptocurrency mining activity, with hardware sales reportedly tripling in recent months. This spike coincides with hints from Moscow of adopting a “light touch” regulatory approach to the crypto industry, creating a favorable environment for miners and investors alike. A Mining Boom Fueled by Demand The demand for crypto mining hardware, such as ASIC miners …
• 13 January

  NY Attorney General Cracks Down on $2M Crypto Scam Preying on Job Seekers

  

  In a decisive move to combat cryptocurrency fraud, New York Attorney General Letitia James has initiated legal action against individuals and entities accused of orchestrating a $2 million scam that targeted job seekers. This latest enforcement effort highlights the increasing prevalence of crypto-related scams and the ongoing efforts to protect vulnerable individuals from financial harm. The Scam Unveiled The alleged …
• 13 January

  Kenya Moves Toward Legalizing Cryptocurrencies: A Digital Revolution on the Horizon

  

  Kenya is reportedly taking significant steps toward the legalization and regulation of cryptocurrencies, marking a potential turning point for digital finance in East Africa. This move could position the country as a leader in blockchain technology and cryptocurrency adoption on the continent. A Forward-Thinking Approach The Kenyan government has recognized the growing popularity of cryptocurrencies like Bitcoin and Ethereum among …
• 13 January

  Nollars Network Token Hits AscendEX Listing During Active Presale

  

  In a significant milestone for the Nollars Network, its native token has been officially listed on AscendEX, a prominent cryptocurrency exchange, while the presale for the token continues to gain momentum. This development marks a key moment in the network’s growth and demonstrates the increasing interest and support for the project as it moves closer to its public launch. The …
• 13 January

  Crypto Firm Co-Founder Admits Guilt in $9M Wire Fraud Scheme

  

  In a significant development within the cryptocurrency space, the co-founder of a prominent crypto firm has pleaded guilty to participating in a $9 million wire fraud scheme. This plea marks a critical moment in the ongoing efforts to hold individuals accountable for fraudulent activities within the rapidly growing and often loosely regulated crypto market. The Case Details The accused, whose …
• 13 January

  New Hampshire and North Dakota Lead the Way with Bitcoin Reserve Proposals

  

  In a groundbreaking move that could set a precedent for other states, New Hampshire and North Dakota have become the latest U.S. states to propose holding Bitcoin reserves as part of their state treasuries. The proposals, which aim to diversify state financial reserves and explore the potential of digital assets, signal a growing acceptance of cryptocurrency within the U.S. government …
• 13 January

  Rising Bitcoin Hashrate Signals Growing Confidence in BTC’s Value

  

  Bitcoin’s hashrate, a key metric that measures the computational power securing the Bitcoin network, has recently seen a significant uptick, signaling a growing confidence in the long-term value of the cryptocurrency. This surge in mining activity comes at a time when Bitcoin’s price has been showing signs of stability, leading many to believe that the digital asset is entering a …
• 13 January

  Georgia Grand Jury Indicts Three Russians for Operating Crypto Mixers

  

  In a significant legal move, a federal grand jury in Georgia has indicted three Russian nationals for their involvement in operating illegal cryptocurrency mixers, further intensifying the U.S. government’s crackdown on illicit activities in the cryptocurrency space. The indictment, which was unsealed this week, charges the trio with facilitating money laundering and other criminal activities through the use of sophisticated …